This page has economic forecasts for Burkina Faso including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Burkina Faso economy.


Overview Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 6.30 6 6 6 6 5.5 percent
Inflation Rate 1.10 1.8 2 2.3 2.6 2 percent
Interest Rate 4.50 4.5 4.5 4.5 4.5 4.5 percent
Balance of Trade -86.40 -65.51 -65.51 -65.51 -65.51 -65.51 CFA Franc Billion
Government Debt to GDP 24.40 32 34 34 34 36 percent
MARKETS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Currency 574.70
569 575 581 587 612
GDP Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Annual Growth Rate 6.70
percent
6.1 6.3 6.2 6.1 5.5
GDP 12.87
USD Billion
13.1 13.3 13.3 13.3 13.5
Gross Fixed Capital Formation 2098.90
XOF Billion
2227 2231 2229 2227 2495
GDP per capita 688.53
USD
715 732 732 732 750
GDP per capita PPP 1703.10
USD
1710 1810 1810 1810 1855
GDP Constant Prices 4928.90
XOF Billion
5230 5239 5234 5230 5859
GDP From Agriculture 946.00
XOF Billion
1004 1006 1005 1004 1125
GDP From Manufacturing 894.90
XOF Billion
949 951 950 949 1064
GDP From Mining 183.40
XOF Billion
195 195 195 195 218
GDP From Public Administration 1118.50
XOF Billion
1187 1189 1188 1187 1330
GDP From Services 796.80
XOF Billion
845 847 846 845 947
LABOUR Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 6.30
percent
6 6 6 6 5.5
Population 19.20
Million
19.69 19.84 19.99 20.14 21.43
PRICES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate 1.10
percent
1.8 2 2.3 2.6 2
Food Inflation 2.70
percent
3 2.98 2.75 3.18 3.92
Inflation Rate Mom -1.60
percent
0.1 0.1 0.1 0.1 0.1
Consumer Price Index Cpi 110.20
Index Points
111 110 115 113 116
Cpi Housing Utilities 118.90
Index Points
117 117 118 118 118
Cpi Transportation 105.30
Index Points
105 105 105 105 105
MONEY Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Interest Rate 4.50
percent
4.5 4.5 4.5 4.5 4.5
Deposit Interest Rate 6.90
percent
6.9 6.9 6.9 6.9 6.9
Interbank Rate 4.44
percent
4.44 4.44 4.44 4.44 4.44
TRADE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade -86.40
CFA Franc Billion
-65.51 -65.51 -65.51 -65.51 -65.51
Exports 113.40
CFA Franc Billion
106 106 106 106 106
Imports 199.80
CFA Franc Billion
172 172 172 172 172
Current Account -564.30
CFA Franc Billion
-768 -714 -659 -605 -583
Current Account to GDP -7.60
percent
-3 -2.8 -2.8 -2.8 -2
Terms Of Trade 336.40
index points
195 189 189 189 189
Terrorism Index 4.52
4.52 4.52 4.52 4.52 4.52
External Debt 2833.00
EUR Million
2812 2806 2801 2795 2795
GOVERNMENT Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Government Debt to GDP 24.40
percent
32 34 34 34 36
Government Budget -5.50
percent of GDP
-5.5 -5.5 -5.5 -5.5 -5.5
Military Expenditure 185.60
USD Million
178 181 185 188 207
Government Spending 799.40
XOF Billion
848 850 849 848 950
BUSINESS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Industrial Production -1.60
percent
18.63 16.78 17.12 7.41 10.74
Internet Speed 1006.45
KBps
1033 1038 1034 1035 1035
IP Addresses 16229.00
IP
18409 18720 19037 19349 22178
Mining Production -1.30
percent
27.27 28.31 27.4 19.11 18.87
Ease of Doing Business 151.00
152 150 149 149 145
Capacity Utilization 70.40
percent
78.05 81.32 74.65 76.66 77.52
Changes In Inventories 20.20
XOF Billion
18.71 20.14 21.57 23 15.22
Competitiveness Index 43.90
Points
44.4 44.4 44.4 44.4 46.9
Competitiveness Rank 124.00
124 124 124 124 124
Corruption Index 42.00
Points
42 42 42 42 42
Corruption Rank 74.00
74 74 74 74 74
CONSUMER Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Retail Sales Yoy 9.20
percent
23.17 26.68 25.78 20.45 19.53
Consumer Spending 2922.70
XOF Billion
3101 3107 3104 3101 3474
TAXES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Sales Tax Rate 18.00
percent
18 18 18 18 18
CLIMATE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Precipitation 0.92
mm
16.88 3.61 65.77 66.4 70.63
Temperature 24.16
celsius
27.13 27.65 28.75 28.75 28.78



Burkina Faso - Economic Forecasts - 2018-2020 Outlook